What is the median home value in ZIP 37138 in Davidson County, TN?

The median home value in ZIP 37138 in Davidson County, TN is $383,899, according to the latest Census ACS 5-Year Estimates.

What is the rent-to-income ratio in ZIP 37138?

The rent-to-income ratio in ZIP 37138 is 33.0%, based on HUD Fair Market Rent divided by Census median household income. This indicates a rent-burdened area where tenants spend over 30% of income on housing.

Nashville-Davidson--Murfreesboro--Franklin, TN · Tennessee

Davidson County

ZIP 37138

709,846 residents5,706 permits TTM$75,664 median HHI30 ZIP codesUpdated April 16, 2026

Investor first look

Median home value

$386,600

ACS 5-Year

Cap rate proxy

5.4%

FMR × 0.65 ÷ Home Value

Rent-to-income

23.6%

HUD FMR ÷ ACS HHI

Net migration

+3.45%

IRS SOI

Permits (TTM)

5,706

Census BPS

Climate risk

97.2

FEMA NRI (0–100)

ZIP 37138

Median home value

$383,899

Gross yield

5.4%

Cap rate

6.5%

Rent gap

-20.2%

Affordability

P/I: 5.1R/I: 33.0%

Section 8 detail

SAFMR: $1,730Rent: $1,485Gap: 16.5%

ZIP code breakdown30 ZIP codes

ZIP	Median home value	Rent (FMR 2BR)	Gross yield	Cap rate	Rent gap
37214	$362,825	$2,000	6.6%	5.2%	21.7%
37115	$323,771	$1,620	6.0%	5.9%	2.5%
37217	$322,464	$1,780	6.6%	5.1%	23.5%
37218	$358,709	$1,580	5.3%	6.5%	-23.2%
37013	$357,070	$1,870	6.3%	5.2%	17.2%

Ranked by composite score

Median home value	Rent (FMR 2BR)	Gross yield	Cap rate	Rent gap
$383,899	$1,730	5.4%	6.5%	-20.2%
$369,652	$1,450	4.7%	6.1%	-29.7%
$364,886	$1,580	5.2%	5.8%	-12.0%
$452,061	$1,880	5.0%	5.7%	-14.0%
$397,933	$1,630	4.9%	5.5%	-12.1%
$386,600county est.	$1,730	5.4%	5.2%	3.9%
$455,564	$2,440	6.4%	5.1%	21.4%
$386,600county est.	$1,830	5.7%	4.6%	18.9%
$386,600county est.	$1,770	5.5%	4.6%	16.1%
$386,600county est.	$1,770	5.5%	4.6%	16.1%
$496,767	$1,810	4.4%	4.5%	-3.6%
$396,435	$1,480	4.5%	4.5%	-0.3%
$400,830	$1,320	4.0%	4.4%	-12.5%
$401,414	$1,780	5.3%	4.4%	16.8%
$498,789	$2,360	5.7%	4.3%	24.0%
$393,375	$1,780	5.4%	4.3%	21.5%
$499,061	$2,200	5.3%	4.0%	24.7%
$624,644	$1,990	3.8%	4.0%	-3.5%
$547,661	$1,950	4.3%	3.9%	9.2%
$610,428	$1,840	3.6%	3.9%	-7.0%
$752,872	$1,820	2.9%	3.2%	-9.8%
$1,174,270	$2,200	2.2%	2.7%	-22.3%
$1,036,816	$2,230	2.6%	2.4%	7.2%
$973,964	$2,280	2.8%	2.2%	21.1%
$891,694	$2,470	3.3%	2.0%	39.9%

Demographics

Owner-occupied

53.4%

Census ACS

Vacancy rate

8.8%

Census ACS

Bachelor's degree +

47.3%

Census ACS

Rent burdened

49.4%

Census ACS (>30% income)

Median age

34.6

Census ACS

Data sources

U.S. Census Bureau — American Community Survey 5-Year Estimates

U.S. Census Bureau — Building Permits Survey

U.S. Department of Housing and Urban Development — Fair Market Rents / Small Area Fair Market Rents (SAFMR)

Internal Revenue Service — Statistics of Income Migration Data

FEMA — National Risk Index

Last updated: April 16, 2026

Davidson County

See all 30 ZIPs ranked by yield and cap rate